Day: November 10, 2021

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs – Mining Bitcoin News

Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues to crack down on unlicensed crypto mining operations. The state-owned Iran Power Generation, Distribution and Transmission Company, Tavanir, has confiscated 227 mining rigs last week. Its employees found the devices in 14 illegal cryptocurrency farms…

Suddenly, Bitcoin hits new all-time high after $2K gains in minutes

Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. The BTC price jump also coincided with news that U.S. inflation hit a 30-year high in October, reported the Wall Street Journal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin, Ethereum “relentlessly up” Data from Cointelegraph Markets Pro and TradingView captured a snap change of direction for BTC/USD, which gained $2,000 in just 45 minutes. In step with various similar moves in recent weeks, Bitcoin not only reversed its previous short-term downtrend but eclipsed its…

Crypto Miner MineOne Raises Over $20M in First Funding Round

Crypto miner MineOne has raised more than $20 million for its first round of funding since launching the company last month. The company said it plans to both raise $200 million and expand its global operating capacity to 400 megawatts by the end of 2022. It currently has 80,000 miners, and expects to increase that to 135,000 by the end of next year. The miner has fully operational capacity of 50 megawatts in Russia and Kazakhstan and plans to deliver an additional 30 megawatts in the U.S. by the end of…

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Bitcoin to hit $250K in January 2022 but ‘invalidate’ S2FX BTC price model — New prediction

Bitcoin (BTC) will invalidate one of its best-known price models this cycle as $1 million becomes a focus for 2025, says well-known analyst Matthew Hyland. In a series of tweets on Nov. 9, Hyland, who has created a loyal following for his Bitcoin commentary over the years, predicted that only one of the two stock-to-flow models would survive beyond 2022. Bye bye, $288,000 stock-to-flow target? With $100,000 still a lofty yet plausible end-of-year price for 2021, attention is turning to what could lie beyond. For Hyland, new large-volume investors will…

A Pioneer Collection Drop – Sponsored Bitcoin News

sponsored Non-fungible tokens (NFTs) are a unique data unit contained within a digital ledger and cannot be interchanged. They are used as a representation of items that can be reproduced easily like artwork, images, videos, and audio files, among other digital files. NFTs are unique in their own way, using the blockchain technology in building a verified and accessible certificate of ownership. Happy Hippos are a class of AI-generated NFTs randomly produced via a programmed mechanism and base on based on the Ethereum blockchain. The Hippos have been developed from…

CoreWeave Raises $50M in New Funds From Magnetar Capital

CoreWeave, which primarily provides cloud services, applies computing power unused by its cloud clients to mine ether. In total, the company operates over 1,200 GH of ETHash [Ethereum’s mining algorithm] equivalent hashrate, or computing power, making it one of the largest Ethereum miners in North America, according to an emailed statement to CoinDesk. Source

NYDFS-licensed Standard Custody brings Solana staking to institutions

Standard Custody & Trust Company, a digital asset custodian based in New York, has expanded its crypto offerings to include Solana (SOL), giving institutional investors the ability to stake and custody the world’s sixth-largest cryptocurrency.  Beginning Wednesday, institutional investors will have the ability to interact directly with Solana’s rapidly growing ecosystem through both segregated and on-chain accounts, with staking services offered through Figment, an application layer solution provider for institutions. The company said it also plans to provide custody services for Solana Program Library tokens, which are a collection of…

University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain

In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that purchasers of carbon credits will be able to securely and directly fund NbS projects through the platform. The initiative, known as the Cambridge Centre for Carbon Credits, or 4C, is based in the Department of Computer Science and Technology and…